Ares Management Co. (NYSE:ARES) Shares Acquired by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd grew its holdings in Ares Management Co. (NYSE:ARES) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,494 shares of the asset manager’s stock after purchasing an additional 1,074 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Ares Management were worth $2,258,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ARES. J.Safra Asset Management Corp boosted its position in Ares Management by 717.6% in the 1st quarter. J.Safra Asset Management Corp now owns 278 shares of the asset manager’s stock valued at $37,000 after buying an additional 244 shares during the period. Eastern Bank purchased a new position in Ares Management in the third quarter valued at $39,000. West Oak Capital LLC grew its stake in Ares Management by 40.0% during the 2nd quarter. West Oak Capital LLC now owns 350 shares of the asset manager’s stock worth $47,000 after purchasing an additional 100 shares in the last quarter. Key Financial Inc purchased a new stake in Ares Management during the 2nd quarter worth about $53,000. Finally, EntryPoint Capital LLC acquired a new stake in Ares Management in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 50.03% of the company’s stock.

Wall Street Analyst Weigh In

ARES has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of Ares Management from $148.00 to $146.00 and set a “hold” rating on the stock in a research note on Monday. Morgan Stanley boosted their target price on shares of Ares Management from $136.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Redburn Atlantic assumed coverage on Ares Management in a report on Tuesday, August 27th. They set a “neutral” rating and a $140.00 price target for the company. UBS Group upped their price objective on Ares Management from $158.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, TD Cowen raised their target price on Ares Management from $184.00 to $187.00 and gave the stock a “buy” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Ares Management has an average rating of “Moderate Buy” and a consensus target price of $166.00.

Insider Transactions at Ares Management

In related news, insider Ryan Berry sold 57,500 shares of Ares Management stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $140.74, for a total value of $8,092,550.00. Following the transaction, the insider now directly owns 456,702 shares in the company, valued at $64,276,239.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Chairman Bennett Rosenthal sold 27,172 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $145.67, for a total value of $3,958,145.24. Following the completion of the sale, the chairman now directly owns 222,828 shares of the company’s stock, valued at $32,459,354.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ryan Berry sold 57,500 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $140.74, for a total value of $8,092,550.00. Following the transaction, the insider now directly owns 456,702 shares in the company, valued at $64,276,239.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 622,640 shares of company stock worth $91,378,848 over the last 90 days. 41.89% of the stock is currently owned by insiders.

Ares Management Stock Up 4.9 %

ARES stock opened at $172.49 on Thursday. The company has a market cap of $53.99 billion, a price-to-earnings ratio of 79.49, a price-to-earnings-growth ratio of 1.56 and a beta of 1.20. The company has a fifty day moving average price of $157.04 and a 200 day moving average price of $146.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.05 and a quick ratio of 1.05. Ares Management Co. has a 12 month low of $101.44 and a 12 month high of $175.74.

Ares Management (NYSE:ARES) last announced its earnings results on Friday, November 1st. The asset manager reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $833.58 million. Ares Management had a net margin of 12.51% and a return on equity of 20.51%. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Sell-side analysts expect that Ares Management Co. will post 4.11 earnings per share for the current year.

Ares Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, December 17th. Ares Management’s payout ratio is currently 171.43%.

Ares Management Profile

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets.